Market Information Wednesday 22 July 2020

Statistics Netherlands (CBS) reports that consumer confidence has hardly changed in July from a month earlier. The CBS reported a reading of -26, compared to -27 in June. The reading of -26 is far below the measured average of the past twenty years (-5). Willingness to buy and the perceptions about the economic climate are also unchanged.

In addition, Statistics Netherlands (CBS) reports that consumers spent 12.8 % less in May 2020 than in May 2019. Consumers spent less on services, for which expenditures in May were 22.4 % lower than a year earlier. Spending on food and stimulants increased by 6.3 % compared to a year earlier. According to the CBS Consumption Radar, conditions for Dutch household consumption are more favourable in July than in May.

Preliminary figures from IHS Markit and Jibun Bank show that the manufacturing industry purchasing manager index (PMI) in Japan unexpectedly increased to a level of 42.6 in July 2020, from a level of 40.1 in June 2020. Economists had expected a reading of 39.6. The purchasing managers index for the services sector increased to 45.2 in July, from 45 in June 2020.

The 6M Euribor is unchanged at -0.35% compared to previous business day. The 10Y Swap decreased with 1 basis point to -0.21% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.